Even though this is counter trend M15, M30, H1 and H4 is all overbought
There is a triple top on M15 with divergence
Stop loss should be 50 or more pips away
1st target is 0.96374
There is a triple top on M15 with divergence
Stop loss should be 50 or more pips away
1st target is 0.96374
Trade closed: target reached
At one point this trade had 35 pips of profit but ended up with nothing. This was a counter trend so it is very important to take profit at the first sign of trend continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.